Forex Exact Volume MT4 Indicator

Forex Exact Volume MT4 Indicator:

About the Forex Exact Volume MT4 Indicator

An indicator for assessing the number of buyers and sellers in the market. The indicator algorithm calculates completed purchases and sales and displays them in the form of a histogram.

Benefits:
a unique calculation formula that has no analogues;
does not redraw;
can be used on any timeframe and currency pair;
easy adjustment, consisting of one Delta variable;
a complete system of alerts from messages, mail and PUSH notifications.
Rules for constructing and evaluating an indicator histogram:
Blue bar of the histogram exceeds the red one – the volume of buyers is more than sellers. Signal or confirmation of a buy signal;
Red bar of the histogram exceeds the blue – the volume of sellers is greater than buyers. Signal or confirmation of a sell signa.
Indicator parameters:
Delta

the value of the distribution of buyers and sellers; the higher, the more precise the definition
Alerts

enable the alert system when signals appear
AlertMessage

alert about the signal in the window
SoundMessage

sound message
EmailMessage

a message about the signal to the mail specified in the terminal
PushMessage

PUSH message to mobile phone

The indicator can be used as a separate trading system or as an addition to an existing one.
On the screenshots below, you can see examples of using the indicator on the chart.

Test results:

Forex Exact Volume MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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